Donor Advised Funds

The IRS prohibits us from accepting gifts from donor advised funds for annual booster contributions because a taxpayer could otherwise easily obtain a 100% charitable contribution for a deduction for a payment that should only qualify for an 80% deduction. The entire amount of a gift to a donor advised fund qualifies as a charitable contribution. Only 80% of a gift to a college or university that provides the donor with the right to obtain priority seating at intercollegiate athletic events qualifies as a charitable contribution.